Spain Sees Decline in Unemployment

Tourist Boom Drove Reduction, But Longer-Term Outlook is Gloomy

MADRID—An unusually strong and extended summer tourist season helped push down Spain's sky-high jobless rate again in the third quarter, marking the first time since 2006 that unemployment has fallen for two quarters consecutively.

Nevertheless, the decrease in unemployment was slight, falling to 26% in the third quarter from 26.3% in the previous one, according to Spain's national statistics agency INE, indicating that massive...